IEP - Monday Morning's Moves Have Carl Icahn Smiling
2023-07-10 08:30:14 ET
After a pause in the stock market rally last week, Wall Street looked ready on Monday morning for another slow summer trading session. Stock index futures were mixed, with market participants waiting to see how the beginning of the official second-quarter earnings season later in the week goes. The results could set the tone for the market throughout the summer months.
Despite the quiet, there were a few stocks that made significant moves. Icahn Enterprises (NASDAQ: IEP) got a nice boost on favorable news concerning the investment vehicle of billionaire activist investor Carl Icahn . Elsewhere, shares of Helen of Troy (NASDAQ: HELE) also moved higher following its latest release of financial results. Read on to learn more about the details behind these two stocks.
Shares of Icahn Enterprises jumped 10% in premarket trading on Monday morning. The investment company has been under fire lately, but it managed to resolve a key sticking point that could make investors a lot more comfortable about its prospects going forward.
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Monday Morning's Moves Have Carl Icahn Smiling